Financial Mathematics (MS)

Distinguished by its mathematically rigorous course content and direct applications to industry, WPI’s Professional MS in Financial Mathematics program will prepare you for a successful career in the financial services industry.

You’ll also have the opportunity to learn from and work alongside internationally renowned faculty members who are spurring advances in topics including portfolio optimization, liquidity, credit and systemic risk, and numerical methods of stochastic and partial differential equations.

Curriculum

Through core financial mathematics courses you’ll build a strong foundation in concepts and processes involved in arbitrage-based pricing of derivative securities and fixed income securities, based on a sound understanding of measure-theoretic probability theory and stochastic processes. You’ll also take advanced courses that give you in-depth knowledge and hands-on practice in computational methods in finance, portfolio management, and market and credit risk modeling.

You will complement your studies with courses in financial management, information technology, or computer science, as well as a professional skills development seminar and capstone experience involving a project, practicum, or advanced course.

You’ll often find our graduate students working side-by-side in our dedicated Financial Math Lab, which features dual core workstations with dual monitors and industry-standard software. Graduate students also have access to a broad spectrum of high-end robust hardware and commercial software in additional facilities in the department and on campus.

Faculty Profiles

Faculty Profiles

My research is in the field of Mathematical Finance, which aims at building probabilistic models that provide insights into the behavior of financial market participants, and developing the underlying mathematical theories. My work focuses on the optimal investment and consumption policies in various market settings.
I received my Ph.D. in Mathematics from Boston University in 2013, and spend the next two years in the University of Michigan at Ann Arbor as a Postdoctoral Assistant Professor, before joining WPI as a tenure track Assistant Professor.

I teach many graduate courses in our Financial Mathematics Professional Master’s Program. I particularly love engaging graduate students in areas of financial mathematics; the material is exciting, cutting edge, and fun to apply and relate to current events and states of financial markets. At the undergraduate level, I teach upper-level optimization electives, as well as calculus courses. I enjoy teaching at this level, showing undergraduate students why the mathematics we study is important and relevant. Currently, I am involved in the study of liquidity modeling in mathematical finance.

I am an applied mathematician specializing in the field of financial mathematics and engineering. Currently, I am most interested in problems involving modeling with stochastic volatility and the implied volatility surface. Another topic of my research interests lies in delegated portfolio optimization and the role played by incentive schemes paid to fund managers.

I enjoy teaching and I love interactions with students. In teaching, I teach students how I think and learn their views of my research fields. My current interest is to investigate numerically the propagation of noise using models of stochastic differential equations arising in various applications, especially in fluid dynamics, biology, and finance. The research is two fold: one is to construct efficient and stable numerical methods to solve stochastic differential equations; the other is to evaluate the constructed and existing methods through theoretical analysis.

Getting Involved

Getting Involved

As a WPI graduate student you will have many opportunities to get involved with campus life, from playing sports and performing in music ensembles to joining our active Financial Math club, which meets biweekly to discuss industry news, network with professionals, and help members prepare for the job market.

After Graduation

Benefiting from WPI's location at the center of the Boston‐Hartford financial corridor and our program’s focus on real-world industry applications, you will have many career options. Our graduates find success with New England asset management and insurance companies, U.S. and global financial companies, and leading developers of financial technology products.